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EBay Inc.'s stock price slumped for most of last year but a number of prominent hedge funds were so convinced that change is on the horizon for the e-commerce company that they established new or... . . more
Prominent U.S. investor Jeffrey Vinik is promising potential clients a cut in fees and said that it had been tougher to raise money than he initially thought, as he prepares to relaunch Vinik Asset... . . more
Prominent hedge fund managers sold out of Chinese technology stocks and dumped Silicon Valley majors such as Apple Inc and Facebook Inc while global stock markets cratered during the fourth quarter,... . . more
Warren Buffett's Berkshire Hathaway Inc said it has trimmed its stake in iPhone maker Apple Inc, though none of the selling was Buffett's, and added positions in Canada's Suncor Energy Inc and... . . more
U.S. fund investors added another $18.7 billion to money market funds during the latest week, likely putting the low-risk funds on track for a third straight quarter of positive demand, Lipper data... . . more
Charlie Munger, the longtime business partner of Warren Buffett at Berkshire Hathaway Inc, on Thursday criticized active fund managers, bankers and even Elon Musk as he urged investors to court... . . more
The average U.S. tax refund under President Donald Trump's tax overhaul is down nearly 9 percent so far in this year's tax filing season, according to Internal Revenue Service data released on... . . more
Thu, 14 Feb 2019 11:18:10 -0500 
Wealthfront, one of the largest digital wealth management firms known as "robo-advisers", said on Thursday it is expanding its suite of financial products by introducing a cash account with a rate on... . . more
A New York investment manager pleaded guilty on Wednesday to running a $21.9 million fraud in which he falsely told dozens of investors their money was being used to build an international airport in... . . more
Slower overall growth is the new normal for China, but the globes second largest economy still holds much promise for choosy foreign investors, according to U.S. portfolio manager Kera Van Valen,... . . more
German fund manager Union Investment is nearing a deal to buy about 16,000 German flats for roughly 2 billion euros ($2.3 billion) from a Chinese investor, people close to the matter told Reuters. . . more
BlackRock Inc is hiring former U.S. Federal Reserve Vice Chair Stanley Fischer as a senior adviser, the world's largest fund manager said in a memo on Wednesday. . . more
Hedge fund manager William Ackman told investors that his publicly traded portfolio has gained 24.7 percent this year, fueled by strong growth in Fannie Mae, Freddie Mac and Chipotle Mexican Grill... . . more
Morgan Stanley's global head of macro trading in the bank's fixed income division is retiring, according to a memo seen by Reuters. . . more
In America's corporate boardrooms, diversity is making uneven progress: Women increasingly are pulling up a chair while racial and ethnic minorities still rarely get seats at the table. . . more


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